# Soybean Futures Post Third Straight Day of Double-Digit Losses | Hoosier Ag Today

> August soybean futures fell for a third straight day of double-digit losses, with November beans down sharply as well. Analysts attributed the selling to weather-related liquidation and weak demand, and a reported Chinese purchase of 132,000 tons did little to support prices.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7102-soybean-futures-post-third-straight-day-of-double-digit-losses-hoosier-ag-today
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak export sales versus last year's pace and benign weather expectations point to continued downward pressure on soybean prices, lowering feed ingredient costs.

## Read by commodity

- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-07-14 | 5 | -7.2% | -3.3 | Three straight days of double-digit losses on weather-related liquidation and weak demand; the Chinese purchase failed to support prices. |

## Sources

- hoosieragtoday.com: https://www.hoosieragtoday.com/2024/07/10/soybean-futures-post-third-straight-day-of-double-digit-losses/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.